Memecoins
Lucky traders ride the KITTY meme coin wave to impressive gains
In a remarkable turn of events, two lucky traders found themselves reaping considerable rewards from their investments in meme-coin KITTY, witnessing astonishing gains of up to 49 times their initial investment in just one month.
This surge in value comes hot on the heels of The Roaring Kitty (@TheRoaringKitty) returning to the scene.
One such trader, Wallet EPL15, saw his investment skyrocket to around 1,010 SOL, equivalent to a staggering $153,000 or 73 times their initial investment.
After purchasing 14.67 million KITTY tokens, representing 1.96% of the total supply, for a modest 14 SOL ($1,946) between March 31 and April 24, 2024, they now hold all of the tokens, for an impressive value of 1,024 SOL ($155,000).
Two lucky traders are earning 49x from #memecoin $KITTY in just a month the price rose by 6000% following the return of @TheRoaringKitty!
1. “EPL15” wallet is earning ~1,010 $SOL ($153,000 or 73x):
• Purchased 14.67 million $KITTY with 14 $SOL ($1,946) March 31 to April 24.
• Now… pic.twitter.com/RdgajwlviD— Spot On Chain (@spotonchain) May 13, 2024
Similarly, Wallet 7Jt9m saw significant gains, with its investment rising to around 1,440 SOL, totaling around $214,000 or 49 times its initial investment.
Acquiring 20.53 million KITTY tokens, or 2.74% of the total supply, with just 30 SOL ($4,170) on April 1 and 3, 2024, they now hold all the tokens, worth an impressive 1,470 SOL ($218,000).
Other trader activities with Memecoin KITTY
Another trader, who entered the market shortly before The Roaring Kitty’s tweet, managed to turn a modest investment of 21.1 SOL ($3,000) into significant profits.
By purchasing 17.4 million KITTY tokens, they saw their investment increase in value after KITTY experienced a notable rally. Selling 12.8 million KITTY tokens for 294 SOL ($41,000), they still hold 4.6 million KITTY tokens, worth an impressive $56,000.
In total, their profit amounts to an impressive $94,000, marking a remarkable 32x increase.
The MEMEcoin $KITTY increased by more than 6000% thanks to the performance of @TheRoaringKitty on Twitter.
One lucky guy spent 21.1 $SOL($3K) to buy $$17.4 million KITTY first @TheRoaringKitty tweeted.
After $KITTY rose, sold 12.8 million $KITTY for 294 $SOL($41,000), with 4.6 million $KITTY($56,000) left.
The profit… pic.twitter.com/TemTMpWgW7
—Lookonchain (@lookonchain) May 13, 2024
These success stories highlight the potential for significant gains in the volatile cryptocurrency market, where strategic investments and timely decisions can lead to extraordinary profits for savvy traders.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
Follow us on Twitter @nulltxnews to stay up to date with the latest news on Crypto, NFTs, AI, cybersecurity, distributed computing and News about the Metaverse!
Image source: moxumbic/123RF // Image effects of Colorcinch